Australia Sugar Semi-annual 2014

Published: 2014-10-02

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Introduction

Australian sugar production is projected to grow to 4.6 million tonnes in 2014-15 with sugar cane acreage up slightly. World prices and grower returns are down but yields and exports are forecast to be higher. Indonesia and China are emerging as more important markets and the bilateral FTA with Korea will expand opportunities from 2015. Australian sugar exporters met their U.S. raw sugar quota for 2013-14 after previously filling only part of the 2012-13 allocation due to higher prices in Asia.